City Moves for 25 March 2015 | Who’s switching jobs March 24, 2015 UK Export Finance The export credit agency has appointed Margaret Eyres as head of direct lending. She was formerly head of export finance UK at Societe Generale. Eyres has 25 years’ experience in trade services, trade finance, and export finance, and has also held roles at Midland Bank International and ABN Amro. Panmure Gordon The [...]
Best of the Brokers for 25 March 2015 March 24, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DIAGEO Numis reiterated its “hold” rating on the drinks group, following a regional update focused on Africa, where sales grew by five per cent last year. The broker said while progress in Africa and India will “in due course be transformational”, the firm [...]
FTSE hits a high but slips back despite UK inflation data – London Report March 24, 2015 ANOTHER day, another all-time high was the call yesterday for Britain’s top share index – although it did slip back at the close – and record low UK inflation data kept investors confident over the market’s longer-term prospects. The blue-chip FTSE 100 index rose as much as 0.4 per cent to a record intraday high [...]
Wall St drops on dollar fears – New York Report March 24, 2015 US stocks fell for a second session yesterday, with equities keeping a tight range that corresponded with currency fluctuations as traders focused on the dollar’s strength and its possible effect on corporate earnings. The Dow Jones industrial average fell 104.9 points, or 0.58 per cent, to 18,011.14, the S&P 500 lost 12.92 points, or 0.61 [...]
Asset bubbles may be forming but rapid rate hikes would only jeopardise growth March 24, 2015 Everybody seems to agree on the need for full employment and price stability. But these objectives leave central bankers with a perennial dilemma when managing an economy: act too soon in normalising monetary policy and they’ll prevent the attainment of full employment; act too late and they’ll damage price stability. It is less a matter [...]
How London can get the infrastructure it needs – but without the bureaucracy March 24, 2015 Infrastructure looms large in the life of every Londoner. Even though it’s probably not at the forefront of our minds as we check our emails and fill up the kettle each morning, we depend on quality, reliable infrastructure day in, day out. And it’s just as important for the capital’s businesses. They need it to [...]
Our bulging tax code is holding Britain back: Politicians must fix this March 24, 2015 The Ten Commandments were captured in fewer than 200 words. The American Declaration of Independence stretched to nearly 1,300. Magna Carta, meanwhile, ran to a tight 4,000. Today’s legislators could learn a lot from the lawmakers of history. The UK tax code now stretches to around 10m words on nearly 21,000 pages. It takes more [...]
As the number of women on boards nearly doubles from 2011, are quotas unnecessary? March 24, 2015 Liz Bingham, managing partner for talent, UK & Ireland, at EY, says Yes Yes – but we must remain vigilant. I would be the first to advocate quotas if progress either stalls, or we start going backwards. However, it is important to remember that diversity isn’t just a boardroom issue, so can’t be solved by [...]
Pensions: How you can find the right adviser March 24, 2015 Don’t be put off by the maze of reforms – pay someone to help PENSIONS are undergoing the most significant reforms in a generation, but don’t squander your savings – seek professional help. The new rules are intended to give savers more freedom, as the requirement to buy an annuity at retirement has been scrapped. [...]
The Brits are catching up to the French, says Le Pont de la Tour head chef Tom Cook March 24, 2015 Tom Cook tells Melissa York that French food doesn’t have to mean heavy A Salade Lyonnaise is a very traditional dish that we serve in the Grill, which is a sort of brasserie with lighter, more traditional dishes than the fine dining restaurant. During the winter we have two or three salads on there, [...]
